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RBA Vigilant To Upside Risks To Inflation, Minutes Show

The Reserve Bank of Australia remained vigilant to upside risks to inflation and the board affirmed that the policy would need to be sufficiently restrictive until inflation moves sustainably towards the target, the minutes of the policy board meeting held on November 4 and 5 showed Tuesday.

RTTNews | 2 days ago

Australia Jobless Rate Steady At 4.1% In October

The unemployment rate in Australia came in at a seasonally adjusted 4.1 percent in October, the Australian Bureau of Statistics said on Thursday - unchanged from the previous month and in line with expectations.

RTTNews | 8 days ago

Australia Wage Price Index Climbs 0.8% In Q3

The wage price index in Australia was up a seasonally adjusted 0.8 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Wednesday.

RTTNews | 9 days ago

Australia NAB Business Confidence Strengthens; Conditions Remain Stable

Australia's business confidence strengthened notably in October on improvements across all industries except construction and retail, survey data from NAB showed on Tuesday. The business confidence index rose to +5 from -2 in September. At the same time, the business conditions index was unchanged at 7 in October. Trading conditions edged up one point to +13, while profitability was flat at 5.

RTTNews | 9 days ago

Australia Building Approvals Rise 4.4% In September

The total number of building approvals issued in September was up a seasonally adjusted 4.4 percent on month, the Australian Bureau of Statistics said on Friday - coming in at 14,842.

RTTNews | 15 days ago

Australia Has A$4.609 Billion Trade Surplus

Australia posted a merchandise trade surplus of A$4.609 billion in September, the Australian Bureau of Statistics said on Friday.

RTTNews | 15 days ago

Australia Holds Interest Rate At 13-Year High

Australia central bank maintained its interest rate for the eighth straight session at a 13-year high on Tuesday as underlying inflation remains too high. The policy board of the Reserve Bank of Australia governed by Michele Bullock decided to hold the cash rate target at 4.35 percent. The bank had previously changed its rate in November 2023, when it was lifted by 25 basis points.

RTTNews | 16 days ago